Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: fweingart
The British financial services boom and soaring house prices have led to an uninterrupted expansion

Soaring house prices means they have less disposable income. Sometimes much less. I am told that after paying their often huge mortgages, Britons have very little to spend on discretionary purchases.
19 posted on 01/10/2008 7:13:06 AM PST by rightwingintelligentsia (CNN: Full of plants from the DNC Plant-ation.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: rightwingintelligentsia
Soaring house prices means they have less disposable income. Sometimes much less. I am told that after paying their often huge mortgages, Britons have very little to spend on discretionary purchases.

Sounds a lot like the U.S. Wages here are stagnated or falling because of unreported 'real' inflation, ie, exhorbitant healthcare premiums, unaffordable housing, low paying jobs.

24 posted on 01/10/2008 7:16:58 AM PST by Intimidator
[ Post Reply | Private Reply | To 19 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson